Northmarq arranges $2.4 million in acquisition financing for Oak Street Shopping Center
CINCINNATI (Nov. 8, 2023) — Jeff Dietz, senior vice president of Northmarq’s Cincinnati Debt + Equity team, has secured $2.4 million in acquisition financing for a multi-tenant retail property in Conway, Arkansas. Oak Street Shopping Center was built in 1980 and is situated on 4.65 acres at 207 E. Oak Street.
Northmarq arranged financing on behalf of the borrower through its correspondent relationship with a life insurance company. The permanent fixed-rate loan was structured on a 3-year term.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
